2015-07-15T08:44:17-05:00 2014-08-31 BKD LLP 2800 Post Oak Blvd Ste 3200 HOUSTON TX 77056 990 2013-09-01 943425643 TEXAS MEDICAL CENTER CENTRAL HEATING AND COOLING SERVICES CORPORATION % THERMAL ENERGY CORPORATION TEXA 7137916700 1615 Braeswood Suite Houston TX 770303903 ROGER L LAMBERT VP FINANCE/TREASURER 7137916700 2015-07-15 true Amanda Maya P01067777 7137916700 2013 2016-02-25 16:41:14Z Stephen K Swinson 1615 Braeswood Houston TX 770303903 77711591 false X N/A X 2002 TX OPERATING A CENTRAL HEATING AND COOLING SERVICES FACILITY SOLELY FOR THE BENEFIT OF GOVERNMENTAL AND NOT-FOR-PROFIT ORGANIZATIONS IN THE TEXAS MEDICAL CENTER. 9 2 101 0 0 0 0 0 77891091 76140879 -911289 19310 1519041 1551402 78498843 77711591 0 0 0 0 10972513 11202832 0 0 0 63228787 61577101 74201300 72779933 4297543 4931658 553865922 551970837 443335101 439568036 110530821 112402801 X OPERATING A CENTRAL HEATING AND COOLING SERVICES FACILITY SOLELY FOR THE BENEFIT OF GOVERNMENTAL AND NOT-FOR-PROFIT ORGANIZATIONS IN THE TEXAS MEDICAL CENTER. false false 66957539 76140879 OPERATING A CENTRAL HEATING & COOLING SERVICES FACILITY SOLELY FOR THE BENEFIT OF GOVERNEMNT INSTITUTIONS & NOT-FOR-PROFIT ORGANIZATIONS. LOCATED IN THE TEXAS MEDICAL CENTER. ELIGIBLE INSTITUTIONS INCLUDE: ST. LUKE'S EPISCOPAL HOSPITAL, TEXAS CHILDREN'S HOSPITAL, THE UNIVERSITY OF TEXAS SYSTEM, THE UNIVERSITY OF TEXAS M.D. ANDERSON CANCER CENTER, THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON, TEXAS MEDICAL CENTER, TEXAS WOMAN'S UNIVERSITY, MEMORIAL HERMANN HOSPITAL SYSTEM, THE TEXAS A&M UNIVERSITY SYSTEM, HOUSTON ACADEMY OF MEDICINE, TEXAS MEDICAL CENTER HOUSING, INC., CITY OF HOUSTON, PUBLIC HEALTH BUILDING, UNIVERSITY OF HOUSTON SCHOOL OF PHARMACY, CHILDREN'S NUTRITIONAL RESEARCH CENTER, THE INSTITUTE FOR REHABILITATION & RESEARCH, SHRINERS HOSPITALS FOR CHILDREN, HOUSTON COMMUNITY COLLEGE SYSTEM AND BAYLOR COLLEGE OF MEDICINE. 66957539 true false false false false false false false false false true false false false true false true false false false false false false false false false false false false true true true false false false false false false false false false false false false false false true false false false true 44 0 true 101 true false false false false false false false false false false false X 9 2 false false false false true false false true true false false true true true true true true true true false X THERMAL ENERGY CORPORATION 7137916700 1615 BRAESWOOD houston TX 77030 X DONALD DEWALCH VICE CHAIRMAN OF THE BOARD 0.5 0.0 X X KEVIN DILLON DIRECTOR 0.5 0.0 X MARSHALL HEINS DIRECTOR 0.5 0.0 X HAROLD JOHNSON DIRECTOR 0.5 0.0 X DR BARRY NELSON DIRECTOR 0.5 0.0 X DENISE CASTILLO-RHODES Secretary 0.5 0.0 X X DAVID DIXON DIRECTOR 0.5 0.0 X BRUCE PHILLIPS DIRECTOR 0.5 0.0 X BRAD HOWELL CHAIRMAN OF THE BOARD 0.5 0.0 X X 0 0 0 SPENCER MOORE DIRECTOR 0.5 0.0 X LARRY NULL SR VICE PRESIDENT 40.0 0.0 X 236822 22792 EDMUND TURNER VP ENGINEERING & ASST SECR 40.0 0.0 X 212993 24852 ROGER LAMBERT VP FINANCE & TREASURER 40.0 0.0 X 194005 18513 STEPHEN SWINSON PRESIDENT & CEO 40.0 0.0 X 642260 27662 TIMOTHY BROWN VP OPERATIONS 40.0 0.0 X 180670 21444 CHARLES MICHALAK MAINTENANCE MANAGER 40.0 0.0 X 164753 19798 KEVIN GIBLIN CONTROLLER 40.0 0.0 X 146398 17427 JAMES WALKER OPERATIONS MANAGER 40.0 0.0 X 144192 19010 RODOLPHO LOPEZ OPERATIONS SUPERVISOR 48.0 0.0 X 149561 18823 JOHNNY RUNYAN MAINTENANCE SUPERVISOR 45.0 0.0 X 127884 19313 2199538 0 209634 20 false true false BURNS MCDONNELL ENGINEERING 1700 WEST LOOP STE 300 HOUSTON TX 77027 ENGINEERING 8405662 TELLEPSEN INDUSTRIAL LLC 777 BENMAR SUITE 400 HOUSTON TX 77060 GENERAL CONTRACTOR 2335725 CHEMTREAT INC 15045 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 WATER TREATMENT 1202692 SIEMENS INDUSTRY INC 8850 FALLBROOK DR HOUSTON TX 77064 SECURITY SYSTEM CONT 555196 DASHIELL LLC 12301 KURLAND DR 4TH FLOOR HOUSTON TX 77034 ELECTRICAL CONTR. 538324 39 0 SERVICE REVENUE 900099 72834168 72834168 NEW SERVICE CONNECTION FEE INCOME 900099 1076461 1076461 FUEL REVENUE 900099 2230250 2230250 76140879 7131 7131 0 0 0 0 0 12179 12179 12179 12179 0 0 0 MISCELLANEOUS INCOME 900099 1551402 1551402 1551402 77711591 76140879 1570712 0 0 0 0 1636125 1505235 130890 0 5539260 5096119 443141 606461 557944 48517 2838343 2611276 227067 582643 536032 46611 0 109463 100706 8757 96416 88703 7713 0 0 0 961981 885023 76958 0 391470 360152 31318 74214 68277 5937 0 0 34083 31356 2727 0 6435 5920 515 15974281 14696339 1277942 0 17921676 16487942 1433734 1617419 1488025 129394 DIRECT PRODUCTION COSTS 19340817 17793552 1547265 CHEMICALS 1947484 1791685 155799 PLANT & EQUIPMENT 2534855 2332067 202788 SAFETY & SECURITY 130346 119918 10428 436161 401268 34893 72779933 66957539 5822394 0 3816 3816 59330981 65979696 0 0 7502964 8979805 0 0 0 0 0 0 3121518 3337976 993631 582355 616130163 165485261 456498926 450644902 0 0 2131243 972181 0 0 242946 97178 24039897 21372928 553865922 551970837 12965172 18634377 0 0 52480765 50422760 377010060 369810854 0 0 0 0 0 0 0 0 879104 700045 443335101 439568036 X 101435583 103593277 9095238 8809524 0 0 110530821 112402801 553865922 551970837 X 4931658 -1159070 -1900608 X false true X true false X X X false false false THE UNIVERSITY OF TEXAS SYSTEM 746000203 02 false true true 0 THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON 741761309 02 false true true 0 THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER 746001118 03 false true true 0 MEMORIAL HERMANN HOSPITAL SYSTEM 741152597 03 false true true 0 ST LUKE'S HEALTH SYSTEM 741161938 03 false true true 0 TEXAS CHILDREN'S HOSPITAL 741100555 03 false true true 0 TEXAS WOMAN'S UNIVERSITY 756002618 02 false true true 0 THE TEXAS A&M UNIVERSITY HEALTH SCIENCE CENTER 746000531 02 false true true 0 TEXAS MEDICAL CENTER 741030788 04 false true true 0 CITY OF HOUSTON TEXAS 746001164 02 false true true 0 UNIVERSITY OF HOUSTON 746001399 02 false true true 0 USDA CHILDREN'S NUTRITIONAL RESEARCH CENTER 720564834 04 false true true 0 HOUSTON ACADEMY OF MEDICINE 741277657 02 false true true 0 SHRINERS HOSPITALS FOR CHILDREN 362193608 03 false true true 0 MEMORIAL HERMANNTIRR 741334678 03 false true true 0 HOUSTON COMMUNITY COLLEGE SYSTEM 741709152 02 false true true 0 BAYLOR COLLEGE OF MEDICINE 741613878 02 false true true 0 TEXAS MEDICAL CENTER HOUSING INC 746066185 01 false true true 0 HOUSTON METHODIST 741180155 03 false true true 0 19 0 16711959 16711959 3183789 758439 2425350 588935324 1647268222 424208502 7299091 7299091 450644902 0 UNEARNED LEASE INCOME 595223 CAPITAL LEASE 104822 700045 77985126 -1159070 285714 -873356 78858482 -1146891 -1146891 77711591 73926824 1146891 1146891 72779933 72779933 PART XI, QUESTION 2D REVENUE ON BOOKS, NOT ON RETURN: NET ASSETS RELEASED FROM RESTRICTION $ 285,714 PART XII, QUESTION 2D EXPENSE ON BOOKS, NOT ON RETURN: INTEREST RATE SWAP $ 1,159,070 LOSS ON DISPOSAL OF ASSETS (12,179) ---------- 1,146,891 PART XI, QUESTION 4B REVENUE ON RETURN, NOT ON BOOKS: INTEREST RATE SWAP $ (1,159,070) LOSS ON DISPOSAL OF ASSETS 12,179 ---------- (1,146,891) X X X X false false false false false false false false false LARRY NULL SR VICE PRESIDENT 236822 19236 3556 259614 EDMUND TURNER VP ENGINEERING & ASST SECR 212993 21296 3556 237845 ROGER LAMBERT VP FINANCE & TREASURER 194005 15928 2585 212518 STEPHEN SWINSON PRESIDENT & CEO 519507 122753 22850 4812 669922 CHARLES MICHALAK MAINTENANCE MANAGER 164753 14764 5034 184551 KEVIN GIBLIN CONTROLLER 146398 13476 3951 163825 TIMOTHY BROWN VP OPERATIONS 180670 16632 4812 202114 JAMES WALKER OPERATIONS MANAGER 144192 13426 5584 163202 RODOLPHO LOPEZ OPERATIONS SUPERVISOR 149561 12451 6372 168384 A HARRIS CO HEALTH FACILITIES DEVELOPMENT CORP 521284201 414155CA7 2008-04-08 175288197 FINANCING EXPANSION TO THERMAL UTI false false false B HARRIS CO CULTURAL EDU FACILITIES FINANCE CORP 760337885 41401PAVS 2009-09-02 99370103 FINANCING EXPANSION TO THERMAL UTI false false false C HARRIS CO CULTURAL EDU FACILITIES FINANCE CORP 760337885 41401PBB8 2009-09-02 12946597 FINANCING EXPANSION TO THERMAL UTI false false false D HARRIS CO CULTURAL EDU FACILITIES FINANCE CORP 760337885 41401PBY8 2010-10-26 54385737 FINANCING EXPANSION TO THERMAL UTI false false false A 525000 0 180521019 0 13982754 0 3351505 0 0 177169514 0 0 2010 false false true true B 2880000 0 100377922 0 8486357 0 615765 0 0 46265293 0 0 2011 false false true true C 4740000 0 12946597 0 0 0 121505 0 0 12825092 0 0 2011 true false true true D 0 0 54496121 0 1318064 0 0 0 0 49163020 0 5333101 2014 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 true true A true B true C true D true PART IV, QUESTION 2C, COLUMN A, 2008 BONDS DATE OF REBATE COMPUTATION CALCULATION WAS PERFORMED ON MAY 15, 2013. THE COMPUTATION PERIOD WAS THROUGH MARCH 31, 2013. A HARRIS CO CULTURAL EDU FACILITIES FINANCE CORP 760337885 2012-08-06 50915000 REFUNDING 2003 BONDS false false false A 50915000 0 50915000 0 0 0 408104 0 0 0 0 0 false true true true A false false false false 0 false false false true A false true true true FROST BANK 10. false false false 0 false true A true FORM 990, PART VI, QUESTION 6 DESCRIBE THE ORGANIZATION'S MEMBERS OR STOCKHOLDERS THE ORGANIZATION HAS ONE CLASS WITH 9 MEMBERS. FORM 990, PART VI, QUESTION 11B DESCRIBE REVIEW PROCESS OF FORM 990 THE ORGANIZATION'S CONTROLLER PERFORMS A DETAILED REVIEW OF THE FORM 990. AFTER IT IS PREPARED BY AN INDEPENDENT CPA FIRM. THE ORGANIZATION'S VP OF FINANCE THEN PERFORMS A FINAL REVIEW BEFORE SIGNING THE FORM 990. FORM 990, PART VI, QUESTION 12C DESCRIBE PROCEDURES USED TO MONITOR AND ENFORCE COMPLIANCE WITH POLICY THE BOARD REVIEWS AND RESOLVES, IF NECESSARY, ANY ISSUES AS THEY ARISE THROUGHOUT THE YEAR. FORM 990, PART VI, QUESTION 15 DESCRIBE PROCESS ORGANIZATION USES FOR DETERMINING COMPENSATION COMPENSATION FOR THE PRESIDENT AND CEO IS APPROVED BY THE BOARD OF DIRECTORS ANNUALLY BASED UPON COMPARABILITY DATA OBTAINED FROM AN INDEPENDENT THIRD PARTY. COMPENSATION FOR ALL OTHER POSITIONS IS APPROVED ANNUALLY BY THE PRESIDENT AND CEO BASED UPON COMPARABILITY DATA OBTAINED FROM COMPENSATION SURVEYS FROM AN INDEPENDENT THIRD PARTY. THE TOTAL ANNUAL COMPENSATION BUDGET IS ACCEPTED BY THE COMPENSATION AND BENEFITS COMMITTEE, FINANCE AND AUDIT COMMITTEE, AND IS RATIFIED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, QUESTION 19 DESCRIBE WHETHER ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE GUIDESTAR WEBSITE AS WELL. FORM 990, PART XI, QUESTION 9 OTHER CHANGES IN NET ASSETS ISSUANCE OF UNRESTRICTED PATRONS' EQUITY $ 804,684 BUYBACK OF UNRESTRICTED PATRONS' EQUITY (2,705,292) ----------- $(1,900,608) BOD INDEPENDENCE ISSUES BECAUSE OF RELATED COMPENSATION THE ORGANIZATION OPERATES A CENTRAL HEATING AND COOLING SERVICE FACILITY SOLELY FOR THE BENEFIT OF GOVERNMENTAL INSTITUTIONS AND NOT-FOT-PROFIT ENTITIES IN THE TEXAS MEDICAL CENTER. THE ORGANIZATION IS ORGANIZED AS A SUPPORT ORGANIZATION PROVIDING SUPPORT IN THE FORM OF HEATING AND COOLING SERVICES TO QUALIFYING ENTITIES. AS SUCH, NINE OF THE PARTICIPATING/SUPPORTED ORGANIZATIONS ARE REPRESENTED ON THE GOVERNING BODY OF THE ORGANIZATION VIA BOARD MEMBERSHIP. EACH OF THE NINE ORGANIZATIONS APPOINTS A DIRECTOR TO SIT ON THE GOVERNING BOARD OF THE ORGANIZATION. MEMBERS OF THE GOVERNING BODY ARE NOT COMPENSATED FOR THEIR SERVICES TO THE ORGANIZATION. COMPENSATION EARNED BY MEMBERS OF THE GOVERNING BODY FROM THEIR RESPECTIVE SUPPORTED ORGANIZATION IS FOR SERVICES IN THEIR CAPACITY AS AN EMPLOYEE OF THE SUPPORTED ORGANIZATION AND IS NOT IN ANY WAY TIED TO THE SERVICES OR OPERATIONS OF THE ORGANIZATION. BASED ON THE INSTRUCTIONS TO FORM 990, THE SUPPORTING/SUPPORTED RELATIONSHIP MEETS THE DEFINITION OF A RELATED ENTITY FOR PURPOSES OF COMPENSATION AND OTHER REPORTING ITEMS. WHILE THE ORGANIZATION DOES NOT FEEL THE SUPPORTED ORGANIZATIONS ARE RELATED UNDER THE INTENT OF THE IRS DISCLOSURE RULES, THE SUPPORTED ORGANIZATIONS DO QUALIFY AS RELATED BASED ON THE LITERAL READING OF THE INSTRUCTIONS. ACCORDINGLY, THE ORGANIZATION HAS MADE REASONABLE EFFORTS TO OBTAIN COMPENSATION INFORMATION FROM BOARD MEMBERS WHO ARE EMPLOYED BY THEIR RESPECTIVE SUPPORTED ORGANIZATIONS. IN ADDITION, THE COMPENSATION TO MEMBERS OF THE GOVERNING BODY RECEIVED IN THEIR CAPACITY AS AN EMPLOYEE OF THE SUPPORTED ORGANIZATION CREATES AN INDEPENDENCE ISSUE FOR PURPOSES OF ANSWERING PART VI, QUESTION 1B. WHILE THE ORGANIZATION STRONGLY FEELS ALL MEMBERS OF THE GOVERNING BODY ARE INDEPENDENT BASED ON THE FACTS AND CIRCUMSTANCES, A LITERAL READING OF THE IRS DEFINITION OF AN INDEPENDENT BOARD MEMBER CAUSES THE ORGANIZATION TO ONLY INCLUDE BOARD MEMBERS WHO ARE NOT COMPENSATED BY THEIR RESPECTIVE SUPPORTED ORGANIZATION. AGAIN, THE ORGANIZATION BELIEVES THIS RESULT IS NOT WHAT THE IRS INTENDED, BUT IN AN EFFORT TO COMPLY WITH THE INSTRUCTIONS, THE ORGANIZATION HAS REPORTED THE NUMBER OF INDEPENDENT BOARD MEMBERS BASED ON A LITERAL READING OF THE IRS INSTRUCTIONS. THE UNIVERSITY OF TEXAS SYSTEM 601 COLORADO AUSTIN TX 78701 746000203 EDUCATION TX COLLEGE NA false THE UNIV OF TEXAS HEALTH SCIENCE CENTER 7000 FANNIN STE 1200 HOUSTON TX 77030 741761309 EDUCATION TX 501(C)(3) 2 NA false THE UNIV OF TX MD ANDERSON CANCER CTR PO BOX 4486 HOUSTON TX 77210 746000203 HEALTHCARE TX 501(C)(3) 3 NA false MEMORIAL HERMANN HOSPITAL SYSTEM 9301 Southwest Fwy Ste 600 Houston TX 77074 741152597 HEALTHCARE TX 501(C)(3) 3 NA false ST LUKE'S HEALTH SYSTEM 6624 FANNIN ST HOUSTON TX 77030 741161938 HEALTHCARE TX 501(C)(3) 3 NA false TEXAS CHILDREN'S HOSPITAL PO BOX 300630 HOUSTON TX 77230 741100555 HEALTHCARE TX 501(C)(3) 3 NA false TEXAS WOMAN'S UNIVERSITY po box 425739 denton TX 76204 756002618 EDUCATION TX 501(C)(3) 2 NA false THE TEXAS A&M UNIV SYSTEM HEALTH SCIENCE 200 Technology Way college station TX 77845 746000531 EDUCATION TX COLLEGE NA false TEXAS MEDICAL CENTER 2450 HOLCOMBE BLVD STE 1 HOUSTON TX 77021 741030788 HEALTHCARE TX 501(C)(3) 9 NA false CITY OF HOUSTON TEXAS 8000 north stadium drive houston TX 77054 746001164 EDUCATION TX GOVERNMENT NA false UNIVERSITY OF HOUSTON 4800 calhoun road houston TX 77004 746001399 EDUCATION TX COLLEGE NA false USDA CHILDREN'S NUTRITIONAL RESEARCH CTR 1100 bates st houston TX 77030 720564834 HEALTHCARE TX 501(C)(3) 2 NA false HOUSTON ACADEMY OF MEDICINE 1133 JOHN FREEMAN HOUSTON TX 77030 741277657 EDUCATION TX 501(C)(3) 2 NA false SHRINERS HOSPITALS FOR CHILDREN 6977 main street houston TX 77030 362193608 HEALTHCARE TX 501(C)(3) 3 NA false MEMORIAL HERMANNTIRR 9301 SOUTHWEST FWY STE 600 HOUSTON TX 77074 741334678 HEALTHCARE TX 501(C)(3) 3 NA false HOUSTON COMMUNITY COLLEGE SYSTEM 3100 main street houston TX 76515 741709152 EDUCATION TX COLLEGE NA false BAYLOR COLLEGE OF MEDICINE ONE BAYLOR PLAZA HOUSTON TX 77030 741613878 EDUCATION TX 501(C)(3) 2 NA false TEXAS MEDICAL CENTER HOUSING INC 2450 holcombe blvd ste 1 houston TX 77021 746066185 EDUCATION TX 501(C)(3) 5 NA false HOUSTON METHODIST 6565 FANNIN ST HOUSTON TX 77030 741180155 HEALTHCARE TX 501(C)(3) 3 NA false TECO COOP 1615 Braeswood Houston TX 77030 741967356 HEATING & COOLING TX NA C-CORPORATION 1.00000 true false false false false false false false false false false false true false false false false false false false